CALGARY, Feb. 8, 2018 /CNW/ - Middlefield Mutual Funds Limited (the "Mutual Fund") is pleased to announce that it has completed the rollover of MRF 2016 Resource Limited Partnership (the "Partnership") into the Middlefield Income Plus Class (MID 800) (the "Class" or "Income Plus") mutual fund. The Partnership was dissolved on February 7, 2018.
Partnership investors can determine their Class shareholdings by multiplying the number of their units they held in the Partnership by 0.98106744. Shares of the Class have now been credited to the accounts of beneficial holders of Partnership units. There are no fees charged on the rollover into the Mutual Fund, nor on redemptions of Mutual Fund shares. For those investors looking for a tax shelter in 2018, please be advised that MRF 2018 Resource Limited Partnership is currently available for investment.
Award Winning Mutual Fund:
At the 2017 Thompson Reuters Lipper Fund Awards, Income Plus Class was named the #1 Canadian Equity Balanced Fund over 10 years.
The objective of Income Plus is to provide a stable level of income while emphasizing capital preservation by investing in a diversified portfolio consisting primarily of North American dividend paying and fixed income securities. Income Plus has never missed a monthly dividend, consistently paying $0.07 per share each month since October 2003 and has achieved a 8.8% annualized compound return since inception in 2000.
The transfer to the Mutual Fund is a tax-free exchange, which means that no disposition will occur and therefore no capital gains tax will be payable as a result of the rollover. The dissolution will provide investors in the Partnership with liquidity and the ability to diversify their holdings by participating in a large mutual fund family. There are thirteen available mutual funds providing significant flexibility to suit numerous investment objectives including income, growth and safety of capital. In addition to Income Plus, the other funds currently offered are Global Healthcare, INDEXPLUS, Global Infrastructure, ACTIVEnergy, U.S. Dividend Growers, Global Dividend Growers, Real Estate, Canadian Dividend Growers, Global Energy, Global Agriculture, High Yield and Short-Term Income.
Investors should consult their advisors to determine the strategy that is most suitable for them for the achievement of their own personal needs and objectives.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
Certain statements included in this press release constitute forward-looking statements. The forward-looking statements are not historical facts but reflect Middlefield's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein.
SOURCE MRF 2016 Resource Limited Partnership
For further information: please visit our website at www.middlefield.com or contact Nancy Tham or Michael Bury in our Sales and Marketing Department at 1.888.890.1868